MONUMENT SQUARE
Veterans Memorial Park
Corner of Elm & Park Streets

The old cemetery on Elm Street, originally a cemetery for veterans of the American Revolution, closed in 1855, and by 1868 most of the bodies had been removed to Pine Grove Cemetery in Waterville's south end. In 1869 the site of the old burying ground was converted into a park and a soldiers' monument was erected. It was known as Monument Square.

In 1851 former Maine Governor Abner Coburn donated buildings (where the current Elm Towers is now located) for an institute. It was known as Coburn Classical Institute, a college preparatory school that enrolled students from all over the country. The adjacent park became known as Coburn Park. The school burned down on February 23, 1955.

In 1998, at the request of Members of the Bourque Lanigan American Legion Post 5 of Waterville, the City Council voted to rename the site to commemorate the area's war veterans. In 1999 the park was formally dedicated as Veterans Memorial Park.